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Just a simple man who trades to fulfill one needs :)
Muhammad Anas Zainal Abidin
At the moment, the pair EURUSD is gaining 0.01% at 1.1277 and a breakout of 1.1347 (high Jun.7) would target 1.1360 (200-day SMA) en route to 1.1448 (monthly high Mar.20). On the other hand, the next support lines up at 1.1268 (low Jun.13) followed by 1.1219 (55-day SMA) and finally 1.1200 (low Jun.6).
Muhammad Anas Zainal Abidin
Published post USD/CHF: technical analysis
On the 4-hour chart, the instrument trades within a sideways channel formed by the boundaries of Bollinger bands, the indicator cloud narrows. The MACD histogram is in the positive area, the signal line crosses the zero line upwards, forming a signal to open long positions...
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Muhammad Anas Zainal Abidin
EURGBP Short Prediction..
Our first idea runs exactly like we showed..
What I now see at the moment is that it try to break the support line,
and more important, the 50 Moving average on the 4H chart and the 200 Moving average on the 1H chart.
If those 3 things line up, then retest and it fail, we can get a nice short.
Our first idea runs exactly like we showed..
What I now see at the moment is that it try to break the support line,
and more important, the 50 Moving average on the 4H chart and the 200 Moving average on the 1H chart.
If those 3 things line up, then retest and it fail, we can get a nice short.